Team description
The mission of Integrated Risk is focused on providing risk identification, aggregation and insight capabilities at Group level across the various Risk domains. The team department is using those capabilities across the various risk functions, to assume a general oversight of risk governance, policies and frameworks, and to steer group-wide model and implementation activities across locations.
Specific Function
The Bank-wide Credit Risk Models department is responsible for the management of Wholesale Banking (WB) IRB and IFRS9 and the Bank-wide Credit Risk Economic Capital models - including their development, monitoring, and advisory support to the business - in cooperation with relevant stakeholders. All the models in scope are groupwide, managed and developed centrally and consistently applied across all ING’s locations.
Job description
Responsible for coordinating the Model development and maintenance environment for non-IRB credit risk models related to WB, being feeder models, IFRS9 and Economic Capital. Translating business needs and regulatory requirement to an advice and approach for all Model Life Cycle steps including execution of the model development and maintenance. Responsible for safeguarding the model environment from exogenous impact and ensure consistency in design approach.
Specific Tasks and Responsibilities
Translate Business and Regulatory requirements into a dedicated approach for the specific WB model.
Analyse design approaches E2E at model (component) level of the model life cycle procedure throughout the model environment beyond ensuring compliancy of the model design also include requirements within the model environment which might impact the robustness and performance of the model
Participate in and steer actively stakeholder meetings regarding all contributors to the model life cycle procedure as well as external stakeholder meetings as senior modeler to understand the deficiencies and improvement point of the model and model environment in all steps of the MLC, and to explain and defend model design choices.
Specific Knowledge and Experience
University / Postgraduate (Master's Degree) in mathematics, economics or equivalent
7+ year experience in Credit Risk modelling
Risk management certification/SAS programming certification focused on Credit risk modelling
Out-of-the-box - inquisite - strategic thinking, strong risk management incentive, technically fully mature credit risk modelling skills, strong communication skills (internally and externally), capability of translating complex matters in simple language, make it happen mentality
Risk Management: Applies broad knowledge on the end-to-end regulatory credit risk model lifecycle (IT, data, model & policy development, regulation) to act as the organizational authority on identifying, assessing, prioritizing and managing model risks.
Learning: Strongly champions and rewards exploration and out-of-the-box approaches.
Reporting Line and Classification
Model Developer Cross Model Analytics | Model Developer V reports hierarchically to Team Lead Cross Model Analytics located in Amsterdam
This position is classified as: Model Developer V | JG 18 - Job Title: Model Developer Cross Model Analytics | Job Family Group: Risk Management | Job Family: Financial Risk
Rewards and benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.
The benefits of working with us at ING include:
25-28 vacation days depending on contract
Pension scheme
13th month salary
8% Holiday payment
Hybrid working
Personal growth and challenging work with endless possibilities
An informal working environment with innovative colleagues
About us
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Questions?
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.